What have you always wondered about the economy? Tell Us
Final Note

Trump picks a Wall Street lawyer to head the SEC

Lizzie O'Leary Jan 4, 2017
HTML EMBED:
COPY
President-elect Donald Trump waves to the crowd while being introduced to speak to supporters at the Giant Center, December 15, 2016 in Hershey, Pennsylvania.  Mark Wilson/Getty Images
Final Note

Trump picks a Wall Street lawyer to head the SEC

Lizzie O'Leary Jan 4, 2017
President-elect Donald Trump waves to the crowd while being introduced to speak to supporters at the Giant Center, December 15, 2016 in Hershey, Pennsylvania.  Mark Wilson/Getty Images
HTML EMBED:
COPY

This final note before we go.

President-Elect Trump has chosen Jay Clayton to head the Securities and Exchange commission.

He’s a lawyer who has represented many big banks on Wall Street, including Goldman Sachs and Barclays. The SEC’s purview includes enforcing rules for securities firms, and may play a role in Trump’s stated plan to dismantle the Dodd-Frank financial regulatory law put into place after the 2008 financial crisis.

The Trump team put out a statement today saying they want to, “undo many regulations which have stifled investment in American businesses.”

To find out more about Trump’s staff, click the banner below.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.